CEDEARs vs U.S. stocks: which is better from Argentina

What a CEDEAR is, what investing directly in the U.S. market means, and which one fits you depending on your goal if you invest from Argentina.


From Argentina you have two ways to get exposure to U.S. companies: buying CEDEARs (peso-denominated certificates) or investing directly in the U.S. stock (what Berry offers, from $1). The key difference: with a CEDEAR you hold a local certificate; with Berry you hold the real stock. Here is the breakdown.

What is a CEDEAR?

A CEDEAR (Argentine Certificate of Deposit) is a local instrument that tracks a U.S. stock and trades in pesos on the Argentine exchange. It is the classic way to get U.S. exposure through a local broker (Cocos, IOL).

What does investing directly in the U.S. mean?

It means accessing the real U.S. stock, not a peso certificate. With Berry you buy that exposure from $1, with no bank account, funding with pesos, stablecoins or Bitcoin.

Key differences

CEDEARU.S. stock (Berry)
What you holdA local certificateThe U.S. stock
CurrencyPesosDollars / on-chain
MinimumDepends on the CEDEAR ratioFrom $1
Bank / brokerage accountYesNo
Fund with cryptoNoYes

Which one fits you?

  • You want to trade in pesos within the local circuit: CEDEARs.
  • You want the real U.S. stock, from $1 and with no bank account: Berry.

Frequently asked questions

Is a CEDEAR the same as the stock?

No. The CEDEAR tracks the price but is a local peso certificate; it is not the U.S. stock itself.

Which has the lower entry amount?

With Berry you start from $1; the CEDEAR depends on each ratio.

Try investing directly: start with Berry.

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